What does the Bitcoin Mining Councils Report Mean for Crypto Going Forward? Blockchain News, Opinion, TV and Jobs

Bitcoin has skyrocketed above $ 40,000 and looks bullish in the daily time frame as the bullish divergence of the RSI index has been confirmed. Yesterday, the Bitcoin Mining Council released a report highlighting a 63% year-on-year increase in mining efficiency, 58% sustainable energy usage and more than 50% in the fourth quarter. In addition, the network used 25% less energy than the previous year. These improvements are appealing to institutions that see their environmental impact as one of the biggest reasons not to invest in Bitcoin.

Fidelity has been supporting mainstream recruitment to allow investors to put Bitcoin in their 401 (k). Fidelity is the first major retirement plan provider to do this and I think it will send an important message to pension providers. No one wants to be the first, but no one wants to be the last.

It has been confirmed that Elon Musk bought Twitter for $ 44 billion. Mask highlighted the problem of bots that stand out within Crypto Twitter. “Frankly, my top priority is to eliminate spambots and fraudulent bots and bot troops on Twitter. They make the product much worse. I see. If I had bot coins for all the crypto scams, I would have 100 billion bot coins. “

It’s unclear what Mask will do in a different way than what is currently being done to tackle this situation, but since fraudulent bots are a significant issue that is clearly having a significant impact, Mask is this. You can be pressured to tackle the problem.

Dogecoin rose about 20% following the news surrounding Elon’s acquisition. Speculators are buying Dogecoin because Elon is obsessed with cryptocurrencies. Therefore, if Elon officially manages the company, Dogecoin could be more useful in one of the largest social media networks.